Finally, with geopolitical tensions rising in the Middle East (Syria and Afghanistan) and in Asia over North Korea, odds are rising fast of a risk-aversion type event happening for the markets, which also makes the U.S. dollar more attractive over the New Zealand dollar as a safe have play.

Anyhow, I’ve gone short at market with a 2 daily ATR stop (above the recent swing high) to give the trade breathing room and my max target is twice my risk for an attractive reward-to-risk ratio. Here are the deets:

Short NZD/USD at market (.7000), stop loss at .7125, profit target at .6750

I risked 0.50% of my account on this setup for a potential 2:1 return-on-risk. Don’t forget to check out our risk disclosure if you’re trading this one, too!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.

About Happy Pip

I am HappyPip, lady trader of the Commodity Dollars or "ComDolls!" We will look at price action of the Australian Dollar, New Zealand Dollar, and the Canadian Dollar, as well as their respective economies, and how commodities prices may affect their long term movements. Put on a "happy face" and come join me, won't ya! :)

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